PLUN trade ideas
$PLUG - range bound with bull pennantI think this is the 3rd time I am publishing this ticker.
It really needs to close above $68 and has not yet done so.
Nevertheless, I grabbed options with April expiration, so i have room to be wrong
Buyer be ware. If it holds $68 on the close, the predictions is that goes to $85 quickly.
Flag or head shoulder pattern ?Maybe the next trading day will tell you.
In my opinion, a lot depends on supporting the 200-days moving average.
NIO AND PLUGPOWER SUPPORT AND RESISTANCEAS YOU CAN SEE FOR 6 MINUTES TWO INTERESTING STOCKS IN THE E CARS BUSINESS. SO RELEVANT INFORMATIONS COULD BE FIND HERE. :)
BUY $PLUG PT1 72 PT2 80 SL 60 Rationale
Hydrogen Companies are hot right now
Secondary done at $65 this is now a key level
Volume shelf at $65, Price is current retesting this as a floor
Option interest for Feb 12th is 60% calls
Crazy IV on options, potential covered call play
Current Consolidation Range volume has decreased, the price is getting ready to move rapidly.
Plug looks like a sell to me.I have entered a sell on Plug. See chart. The publications from Lord Skin are not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.
Plug Power's going to break highAscending triangle, slowly accumulating positions, TP 85$. Let me know what do you think.
$PLUG - could hit boom townIf it holds over $68 on the close, the prediction is that it goes to $85
I grabbed options yesterday
March 19 expiration
$65 strike
Short term playPicked up some PLUG calls for EOW. Looks like we have a lot of great signals indicating a bullish rest of the week. GLHF
$PLUG - when we close above $68.50 ishbuy and hold to $85 if we close above around $65.50
Its the bull pennant play
I call it the chicken beak
PLUG: Bullish FlagBullish Pennant, confirmed
Descending volume during formation
Volume at break out
PPS above 50MA and 200MA
RS above 0, but flat
ATR Ascending
R/R ratio above 8
200MA ascending
250RSI above 50
PT = 107.22$
POTENTIAL REVERSAL ON PLUGPLUG LOOKS TO HAVE FOUND BOTTOM AND COULD BE A GOOD PLAY FOR THE SHORT TERM 2-3 WEEKS OUT
PlugWhat originally was shaping up to be a pennant, turned out to be a “fake” set up. At this point this starting to look more like a double top with MACD divergence. Staying away from this stock for the time being.
Potential Top in PLUGBefore I start, I want to make clear I am not a permabear. I've been long PLUG, FCEL, and BLDP at varying times of this bull run via commons and calls. They've been great. But this chart pattern has the look of a top. For candlestick nerds (like me) out there, this has the potential for a Dumpling Top. PLUG exploded 100%+ in six trading days (on a closing basis) and has since put in a bunch of relatively small candles. An attempt higher on 01/26 on lower volume unsurprisingly failed. The following day it gapped lower and closed on the lows on higher volume. In order to confirm a Dumpling Top, a gap down is required. And looking at how the market closed Friday and the way the crypto markets are trading currently, I wouldn't be surprised if we get that gap down on Monday.
This could certainly morph into a high tight flag setup, but I think the current conditions warrant caution. PLUG closed Friday below the 10-day EMA. I'm currently long UVXY, TWM, and PLUG puts. Good luck next week!
Plug Power Has Formed a Descending TrianglePlug power has stuck out to me for a long time now. With all of the hype of the energy stocks and how Joe Biden will influence these types of markets, I decided to analyze this stock. Since Plug Power has formed a descending triangle, and it has just recently bounced of of its support, in theory, it would go up. Our price target would be about 74 dollars by the end of the week.
PLUGPlug provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe. The company garnered an abundance of attention from investors in 2020 for its GenDrive system, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles.
Trading in a range.
Looking for a breakout of the range on high volume.
1. Leading sector
2. Revenue Increasing
3. Room for institutional buying
PLUG POWERGuys this is a very promising company in the long run, but it is overbought and therefore we could see a sale in the short term.
The main electric car etf fell 5% and this is one of the companies within the etf.
Correction till area 43$ possibleNegative divergence in momentum of PLUG points to a correction till 43$.
Removed my stop last minute - I'd rather plan oneI had a stop set that never hit after my last posts. This morning we're going to pull back past my stop, so I removed it before market opens. Still plenty buyers to bring the stock back up after the dip to consider my exit point.
PLUG beautiful Cup & Handle in place, next one to take off? Chart is our friend!
We have a Bull flag forming with a Cup & Handle,
I could see this rip trough the first resistance around $80
Recent headlines from Reuters helping the ODS:
* PLUG POWER EXCEEDS 2020 GUIDANCE AND RAISES TARGETS FOR 2021 AND 2024
* PLUG POWER INC - RAISING 2021 ESTIMATES FOR GROSS BILLINGS TO $475 MILLION
* PLUG POWER INC - INCREASING 2024 GROSS BILLINGS TARGET BY MORE THAN 40% TO $1.7 BILLION
Source text for Eikon: ID:nGNX5ypkH Further company coverage: PLUG
((Reuters.Briefs@thomsonreuters.com;))
Buckle up!
